Linde PLC $LIN Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of Linde PLC (NASDAQ:LIN) by 12.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,318 shares of the basic materials company’s stock after purchasing an additional 22,489 shares during the quarter. Cerity Partners LLC’s holdings in Linde were worth $97,526,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Breakwater Capital Group grew its holdings in shares of Linde by 2.3% in the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after purchasing an additional 22 shares during the period. Canopy Partners LLC lifted its holdings in Linde by 2.9% during the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock worth $370,000 after buying an additional 22 shares in the last quarter. Mitchell Sinkler & Starr PA boosted its holdings in Linde by 1.9% in the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock valued at $559,000 after purchasing an additional 22 shares during the period. Clarendon Private LLC grew its position in shares of Linde by 1.0% during the second quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock worth $1,066,000 after buying an additional 22 shares in the last quarter. Finally, Sound Financial Strategies Group LLC raised its holdings in shares of Linde by 1.4% in the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,635 shares of the basic materials company’s stock valued at $767,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LIN shares. Royal Bank Of Canada cut their target price on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Mizuho set a $495.00 price target on Linde in a research note on Thursday, December 11th. Citigroup decreased their target price on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Linde in a report on Monday, December 29th. Finally, CICC Research assumed coverage on shares of Linde in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $501.00.

Linde Price Performance

NASDAQ LIN opened at $434.14 on Thursday. Linde PLC has a 52 week low of $387.78 and a 52 week high of $486.38. The company has a 50-day moving average price of $416.99 and a two-hundred day moving average price of $450.59. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. The stock has a market cap of $202.72 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 3.08 and a beta of 0.85.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.03. The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.94 earnings per share. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. Linde’s dividend payout ratio is currently 40.19%.

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.